financial transaction tax

In the Budget statement yesterday (20 March 2013), the Chancellor George Osborne reiterated how he was turning his back on a share of the £30-35bn a year which would come from a small Financial Transaction Tax. This is while other countries in Europe including France, Germany and Spain, benefit from it.

The Robin Hood Tax Campaign, to which Ekklesia is affiliated, works for the introduction of a Financial Transaction Tax. It also examines the difference an FTT could make in relation to poverty, the environment and challenges like the AIDS pandemic.